That is nice setup and I used it in the beginning, but it is alot of work and space to build. I wasted my time thinking biofuel was complicated. It is way easier. Only pain is getting the first blaze rod.
TIP: Slimes spawn in swamps at night.
TIP: Blazes will spawn in the nether on top of nether bricks, nether bricks can be crafted. (but a fortress is easier)
TIP: Once you have a blaze rod grind it and you get 4 blaze dusts, then use mininum stone to convert them back in to 2 blaze rods, and repeat for infiniate blaze rods.
TIP: Mininum stone will convert to piece of wood in to obsidian. Who needs diamond pickaxes anymore:P
[recommended first setup]
1 biofuel reactor + 1 biofuel engine will produce 160 MJ/t. 1 stack of saplings or seeds will power my generator for a long time and Thermal Expansion machines use 4MJ/t or less per machine. So I recommend spending you first hour into gathering crafting table, furnance, quartz grinder, and then building the biofuel reactor, biofuel generator. Now your operational.This will be more then enough for all Thermal machines.
[Long term plan]
Setting generator up for auto-pilot.
Then use MFR and setup a automatic, self-substaining wheat farm and have the half the seeds automatically transport to the reactor using a diamond pipe, distribution pipe, and a phased transport pipe . The quarry and power-suit are the power drainers.
Video link :
No need for water, lava, or 40 magma engines to get the equality power. P.S. Magma engines are rated at 4MJ/t, the same as a combustion engine according to the wiki.
Bioreactor = 2 plastic sheets, 2 bricks, fermented spider eye, 2 slime balls, machine frame, a sugar
Biofuel generator = 2 plastic sheets, furnace, machine frame, 2 blaze rods, 2 pistons, redstone transmission coil
You don't even need a single diamond. just 10 iron, 1 silver, & 2 gold.
[biofuel reactor][biofuel Generator]>---redstone conduit--->[redstone energycell]
(will charge the cell in a few minutes.)